REGISTERED NUMBER: 04600107 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

R G & M E Street & Son Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Street

C R Street

SECRETARY:

M E Street

REGISTERED OFFICE:

Oak Tree Farm Kings Lane

Cranage

Middlewich

Cheshire

CW10 9LX

REGISTERED NUMBER:

04600107 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,780,877

1,684,433

1,780,877

1,684,433

CURRENT ASSETS

Stocks

21,405

16,386

Debtors

6

513,802

402,914

Cash at bank and in hand

556,351

451,701

1,091,558

871,001

CREDITORS

Amounts falling due within one year

7

(814,033

)

(730,890

)

NET CURRENT ASSETS

277,525

140,111

TOTAL ASSETS LESS CURRENT LIABILITIES

2,058,402

1,824,544

CREDITORS

Amounts falling due after more than one year

8

(116,374

)

(121,597

)

PROVISIONS FOR LIABILITIES

(187,420

)

(166,276

)

NET ASSETS

1,754,608

1,536,671

CAPITAL AND RESERVES

Called up share capital

10

200

100

Retained earnings

1,754,408

1,536,571

SHAREHOLDERS' FUNDS

1,754,608

1,536,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

C R Street - Director

1.	STATUTORY INFORMATION

R G & M E Street & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

- the Company has transferred to the buyer the significant risks and rewards of ownership of the

goods;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the Company;

and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold buildings - 4% Straight line

Plant and machinery - 25% Reducing balance

Motor vehicles - 25% Reducing balance

Office equipment - 33.3% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Share capital

Ordinary A, Ordinary B and Ordinary C shares are classed as equity.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

163,000

AMORTISATION

At 1 January 2024

and 31 December 2024

163,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

1,074,346

1,380,355

2,454,701

Additions

21,167

285,062

306,229

Disposals

(1,000

)

(162,750

)

(163,750

)

At 31 December 2024

1,094,513

1,502,667

2,597,180

DEPRECIATION

At 1 January 2024

55,018

715,250

770,268

Charge for year

8,296

182,380

190,676

Eliminated on disposal

-

(144,641

)

(144,641

)

At 31 December 2024

63,314

752,989

816,303

NET BOOK VALUE

At 31 December 2024

1,031,199

749,678

1,780,877

At 31 December 2023

1,019,328

665,105

1,684,433

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

408,182

Additions

271,125

At 31 December 2024

679,307

DEPRECIATION

At 1 January 2024

98,104

Charge for year

95,927

At 31 December 2024

194,031

NET BOOK VALUE

At 31 December 2024

485,276

At 31 December 2023

310,078

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

478,931

374,935

Other debtors

34,871

27,979

513,802

402,914

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,220

9,967

Hire purchase contracts (see note 9)

94,109

66,501

Trade creditors

175,492

138,174

Taxation and social security

86,137

56,217

Other creditors

448,075

460,031

814,033

730,890

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

11,350

21,574

Hire purchase contracts (see note 9)

105,024

66,581

Other creditors

-

33,442

116,374

121,597

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

94,109

66,501

Between one and five years

105,024

66,581

199,133

133,082

Finance lease obligations are secured against the relevant assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

2025

2024

Number:

Class:

Nominal Value

£

£

100

Ordinary

£1

100

100

80

Ordinary A

£1

80

-

20

Ordinary B

£1

20

-

200

100

On 23 October 2024, 80 Ordinary A shares and 20 Ordinary B shares were issued with a value of £1 per share.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C R Street.